$Invesco QQQ Trust (QQQ.US)$The Nasdaq daily chart shows a d...
$Invesco QQQ Trust (QQQ.US)$Nasdaq daily chart shows a double top pattern, which is usually considered a bearish reversal signal at the daily level, indicating that bullish momentum may have exhausted in the uptrend, and there is a risk of market retracement or trend reversal. If the Nasdaq fails to break above the previous high in this pattern, and falls below the neckline position (the low point between the two tops), the reversal risk will further increase.
For this pattern, the following key observation points are crucial:
1. Confirming the double top pattern: If the price starts to decline from the second peak, confirming the formation of the double top pattern will increase the likelihood of a trend reversal.
2. Neckline support: The neckline serves as a key resistance level. If the price falls below the neckline accompanied by increased volume, the possibility of a reversal significantly increases.
3. Volume changes: In a double top pattern, the volume at the second high point is usually smaller than the volume at the first high point, indicating a weakening of buying pressure in the market. This can serve as confirmation of a reversal signal.
4. Technical indicator confirmation: If technical indicators such as RSI, MACD, etc. show divergence, and the price falls below the key resistance level at the bottom of a double top formation, it will further confirm the possibility of a reversal.
For this pattern, the following key observation points are crucial:
1. Confirming the double top pattern: If the price starts to decline from the second peak, confirming the formation of the double top pattern will increase the likelihood of a trend reversal.
2. Neckline support: The neckline serves as a key resistance level. If the price falls below the neckline accompanied by increased volume, the possibility of a reversal significantly increases.
3. Volume changes: In a double top pattern, the volume at the second high point is usually smaller than the volume at the first high point, indicating a weakening of buying pressure in the market. This can serve as confirmation of a reversal signal.
4. Technical indicator confirmation: If technical indicators such as RSI, MACD, etc. show divergence, and the price falls below the key resistance level at the bottom of a double top formation, it will further confirm the possibility of a reversal.
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怪兽笨 : It has been said that it will fall for several days, but I have not seen any signs of decline.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")